Investment Rating - The investment rating for the company is "Buy" [5] Core Views - The company focuses on the research, manufacturing, and sales of optical glass and special functional glass materials, with products including optical glass series such as crown glass, flint glass, lanthanum glass, and phosphate glass, as well as special functional glass like nano-crystalline glass, radiation-proof glass, and high-temperature and high-pressure resistant glass [2] - The company has successfully developed several special functional glass products that have achieved mass sales in various fields, including high-strength mobile phone covers, radiation protection, and applications in high-temperature and high-pressure environments [2] - For the third quarter of 2024, the company reported a revenue of 124.98 million yuan, a year-on-year decrease of 42.83%, and a net profit attributable to shareholders of 10.79 million yuan, down 71.56% year-on-year [3][6] Financial Summary - For the first nine months of 2024, the company achieved a revenue of 447.37 million yuan, a year-on-year decrease of 24.19%, and a net profit attributable to shareholders of 58.67 million yuan, down 31.87% year-on-year [6] - The gross margin for the first nine months of 2024 was 31.70%, an increase of 2.88 percentage points year-on-year, while the net margin was 13.12%, a decrease of 1.48 percentage points year-on-year [6] - The company’s market capitalization as of December 17, 2024, was 2.801 billion yuan, with a price-to-earnings ratio (TTM) of 36.48 times [6]
戈碧迦：Q3收入及利润承压下滑